Hi all, hope you're doing well.
A few months back I went to America and bought a new camera - an RX 100 VI - on a great deal at a local camera shop to where I was (OH). Now I'm looking to sell it in the UK as it's just not for me as I prefer the bigger and easier to handle chassis' of full sensor DSLRs. I didn't pay VAT on the camera when entering the UK as I don't have the box for the camera, and so selling the camera will be profitable. Should I be worrying about this or just keep my head down? This after tax website says I am in the 40% tax band - will I pay that on the sale? Really not sure what to do here so any help will be much appreciated :)
A few months back I went to America and bought a new camera - an RX 100 VI - on a great deal at a local camera shop to where I was (OH). Now I'm looking to sell it in the UK as it's just not for me as I prefer the bigger and easier to handle chassis' of full sensor DSLRs. I didn't pay VAT on the camera when entering the UK as I don't have the box for the camera, and so selling the camera will be profitable. Should I be worrying about this or just keep my head down? This after tax website says I am in the 40% tax band - will I pay that on the sale? Really not sure what to do here so any help will be much appreciated :)